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Efforce (WOZX) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $40,945,692. The current price of Efforce is $0.06704, which is 2.257% higher than yesterday. Prices have ranged between $0.067172 and $0.065187 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 09:02 UTC.
Efforce is a blockchain-based platform dedicated to saving energy. According to the whitepaper, the platform is designed to allow everyone to access energy-efficient projects.
The platform was co-founded by Steve Wozniak, a co-founder of Apple. It focuses on the energy-efficiency market which is now worth US$240 billion. Companies can crowdfund energy redevelopment projects utilising cryptocurrency and blockchain technology. Built on the Ethereum blockchain, Efforce tokenises energy-saving credits which can then be traded. The idea is similar to carbon credits. There are 3 key participants in the Efforce platform. The first are contributors. Contributors acquire tokenised future savings that will be produced from energy-efficient projects. These can be purchased through the Efforce auction system. The second are savers. Savers own companies that can benefit from the funds generated on the platform. Finally, there are consumers. Consumers are those that purchase energy savings to offset electricity bills. WOZX is the native token of Efforce. Developed as an ERC20 token, WOZX is how contributors can fund energy-saving developments and then subsequently receive tokenised energy credits. When Efforce launched a token listing in December 2020 its market cap increased by 10 times in the first 13 minutes to hit US$950 million.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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